Extremely Long Term Lake County Heating Company
Lake County, IL
| Asking Price: | $1,200,000 |
| Gross Revenue: | $1,650,378 |
| Rent: | $7,600/Month |
| Established Year: | 1936 |
| Cash Flow: | $320,000 |
| Inventory: | $250,000 |
| FF&E: | $135,173 |
Listing ID: 2286222Listing provided by BizBuySell
BUSINESS DESCRIPTION
Extremely long-term residential heating company in Northern Chicago. The company was established in the early 1900's and has long term staff in place. The database contains 4,400 active customers, with the business composition being 95% residential and 5% commercial. There is no new construction or refrigeration services, and a flat-rate pricing model is implemented. The primary brands offered include Lennox, York, and Bosch. Currently, the company holds 800 maintenance agreements, and an inventory valued at $250,000 is included in the sale price. Payroll processes are managed internally, using QuickBooks as the accounting software and Service Titan as their CRM.
DETAILED INFORMATION
Location
Lake County, IL
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,000
Lease Expiration
23/09/2026
Employees
9
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Northern Chicago Long Term Residential Heating Company
Competition
The HVAC industry is full of competition, however companies who focus on quality work and great customer service remain busy year round.
Support & Training
The owner is willing to remain on short term to ensure a smooth transition for the right buyer
Reason for Selling
Retirement
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